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TUTOR PERINI CORP — Director's Dealing 2025
Mar 11, 2025
31352_dirs_2025-03-11_790d4694-bd63-436b-8dcf-56e574d7c43b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TUTOR PERINI CORP (TPC)
CIK: 0000077543
Period of Report: 2024-03-13
Reporting Person: SOROKA RYAN JOSEPH (Executive VP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-08 | Common Stock | M | 10000 | — | Acquired | 39148 | Direct |
| 2025-03-08 | Common Stock | F | 5491 | $26.58 | Disposed | 33657 | Direct |
| 2025-03-09 | Common Stock | M | 10000 | — | Acquired | 43657 | Direct |
| 2025-03-09 | Common Stock | F | 5355 | $26.58 | Disposed | 38302 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-08 | Restricted Stock Units | $ | M | 10000 | Disposed | Common Stock (10000) | Direct | |
| 2025-03-09 | Restricted Stock Units | $ | M | 10000 | Disposed | Common Stock (10000) | Direct | |
| 2024-03-13 | Cash-Settled Performance Stock Units | $ | A | 14337 | Acquired | Common Stock (14337) | Direct |
Footnotes
F1: The restricted stock units (RSUs) convert into common stock of Tutor Perini Corporation on a 1-for-1 basis.
F2: On March 8, 2023, the reporting person was granted 30,000 RSUs, of which 10,000 vest on each of March 8, 2024, 2025 and 2026, contingent upon the reporting person's continued employment through these dates.
F3: On March 9, 2022, the reporting person was granted 30,000 RSUs, of which 10,000 vested on each of March 9, 2023, 2024 and 2025.
F4: Reflects the target number (Target Award) of cash-settled performance stock units (CPSUs) granted on March 13, 2024, which are scheduled to vest on December 31, 2026 based upon achievement of certain annualized stock price growth goals over a three-year performance period, with vesting ranging from 0% to 250% of the Target Award. The cash settlement amount will equal the number of shares that vest multiplied by the then fair market value of the shares. Due to an administrative error by the Company, the report for this award was filed late. The March 13, 2024 award was granted when the reporting person was Senior Vice President and Chief Financial Officer.